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16 Jan 2009

Indian Stocks Latest News: SBI, Infosys, ONGC, Satyam, Reliance and ICICI Bank

1. As a strategy one can hold the SBI stock with a stop loss as Rs 1105. if the level of Rs 1099 is broken than the stock can fall to the level of Rs 1050-1000.

2. One need not be in hurry in investing Satyam Computers.

3. One can hold Infosys as it has resistance at Rs 1340-1350 and Infosys has support at Rs 1070.

4. One can hold ONGC with a short-term target of Rs 700 and support at Rs 610-620. However one can enter in this stock only if one intend holding the said stock for long term as it is a fundamental stock. However a word of caution is that Hem Securities has maintained a sell call on ONGC with a target of Rs 575 and stop loss of Rs 650. Please use your discretion while investing in this stock.

5. In case a rally comes in the market than the same is likely to be led by Reliance and ICICI bank.

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